Hampton Place Real Estate Market Statistics
When you're looking to buy or sell in Hampton Place...
Setting a price to offer or ask is easier when you have inside information – so here it is. First, see what the inventory of houses is right now in the graph below. Then check out asking vs. selling price, and the average price per square foot.
Need help putting it all together? Call Ken Jansen at (913) 908-2215.
Months of Inventory
The number of houses is shown in months. A one month supply of houses means that the number of houses on the market right now is the number that can expect to sell in one month.
A 5.5 to 6.5 months supply of homes is considered balanced: a normal supply of homes compared to housing demand. If you put your house up when the number of homes available is about a six month inventory, you can expect it to sell in a typical length of time for your neighborhood.
If the graph below shows a smaller number --less than 5.5 months housing supply – then there are fewer houses available and sellers have an advantage.
More than 6.5 months of housing supply shows a buyer's market. There are more homes available, it takes longer for sellers to get their homes sold, and buyers can get bargains.
Asking vs. Selling Price
For each month of the year, see the average asking price of an Overland Park home in Hampton Place (in green) and the average price actually paid for homes in Hampton Place. As you can see, the average price paid can be either higher or lower than the average price that was being asked.
Price per Square Foot
The average price per square foot is a very general guide. Houses of the same size may sell for very different prices. However, this basic information can help you determine whether your asking price is realistic, and whether Hampton Place is a good fit for your budget.
These are just a few of the factors to take into account. Ken Jansen has the inside knowledge you need to get the best outcome, and he can help you leverage it to your advantage. When you're ready to buy or sell your home in Hampton Place, call Ken at (913) 908-2215.